The developers of the DeFi protocol BarnBridge have presented an application for the automated management of positions in tokens on Ethereum.
According to the BarnBridge developer’s Medium article, the second SMART Exposure application gives project users the ability to passively maintain a certain weight between assets in a specific ERC-20 token pair, that is, automatic portfolio rebalancing.
The app launched on the Ethereum mainnet with support for WETH, Wrapped WBTC and USDC in 75/25 or 50/50 weighted pairs. The protocol developers explain that supporting SMART Exposure’s own asset pools makes this functionality possible.
Each ratio is represented by a fungible ERC-20 token with its own ticker, which allows you to trade positions in secondary markets or potentially use them as collateral in other protocols. BarnBridge states:
“We expect SMART Exposure to be a key element of structured products that include assets from other BarnBridge products. It is an effective solution for passive financial management. ”
In the coming weeks, the application will be deployed on the second level Ethereum Polygon solution. Cream Finance’s decentralized lending protocol also recently announced the early integration of Polygon to improve transaction speed and lower fees.
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